• Convergence in U.S. house prices by state: evidence from the club convergence and clustering procedure

      Apergis, Nicholas; Payne, James; University of Piraeus; University of South Florida Polytechnic (Springer, 2012-07)
      This study examines the convergence of U.S. house prices by state over the quarterly period 1975:1 to 2010:4 through the club convergence and clustering procedure of Phillips and Sul (Econometrica 75:1771–1855, 2007). The results indicate the presence of three convergence clubs with the first convergence club consisting of 29 states inclusive of the entire BEA regions of the Mideast, New England, and Rocky Mountain as well as several states from the other BEA regions. The second convergence club consists of 19 states primarily in the Southeast and Plains regions along with a few states from the Far West, Southwest, and Great Lakes regions. The third convergence club comprises two states in the Southeast region (Arkansas and Mississippi).
    • The determinants of business start-ups in tertiary education: evidence for Greece through a panel data approach

      Apergis, Nicholas; Fafaliou, Irene; University of Piraeus; University of Piraeus (Springer, 2011-12-03)
      Up to now there is no consensus in the relevant literature on the exact factors that lead a student to entrepreneurship. In addition, evidence on differences in the entrepreneurial activity among regions and, even more, in the entrepreneurial education provided by individual universities, within the same region, call for context-specific longitudinal studies. The primary objective of this paper is to provide evidence on the determinants that influence the propensity of young students of a Greek University to establish a new business venture. The methodological approach employed is based on a questionnaire survey collecting data from 1,500 students, spanning the period 2005–2010. Data has been processed through the use of a panel cointegration and panel causality methodology. The empirical findings entail useful insights on students’ attitudes and perceptions of entrepreneurship.